//Owner Occupier Loans
Your own personal home loan.
An owner-occupier home loan is designed for Australians looking to buy a property to live in as their primary residence. Whether you’re calling the Sunshine Coast home, or anywhere in Australia, we can help.
Can You Get a Lower Interest Rate with an Owner-Occupier Home Loan?
Owner-occupier home loans often come with lower interest rates or more favourable terms compared to investment property loans. Lenders can tend to view owner-occupier loans as being more secure, which can result in better rates or conditions for borrowers.
If You Purchase with an Owner Occupied Loan, Can You Rent Out the Property?
When you take out an owner-occupier home loan, you’re required to live in the property as your primary residence. If you decide to move out and rent the property to tenants, you must notify your lender. Your loan may need to be converted to an investment loan, as the terms and conditions could differ.
Can You Claim Interest on an Owner-Occupier Home Loan in Australia?
In Australia, interest on an owner-occupier home loan for your primary residence is generally considered personal interest and is not tax-deductible. However, there are exceptions. For instance, if you use part of your home for business purposes or to generate rental income (e.g., renting out a room), you may be able to claim a tax deduction for the portion of the interest related to that use.
Always consult a tax professional or financial advisor to understand the specific tax implications of your home loan and to confirm whether you’re eligible for any deductions.
